First Oil From the Jotun Field

ENTERPRISE OIL PLC 27 October 1999 Enterprise announces first oil from the Jotun field Enterprise Oil today announced first oil from the Jotun field in Norway, 200 kilometres west of Stavanger. The field came on stream at 1456 hours on 25 October 1999. Jotun, operated by Esso in blocks 25/8 and 25/7, employs a floating production system which is tied back to a wellhead platform with dedicated drilling facilities, with crude export via shuttle tanker. The initial production of 25,000 barrels of oil per day is anticipated to rise to a plateau rate of 100,000 barrels of oil per day early next year. The Jotun field has estimated reserves of 210 million barrels of oil equivalent and was first discovered in 1994 with the Elli find. A year later the Tau discovery was made and the two were recognised to be a single accumulation, now known as Jotun. Pierre Jungels, Chief Executive, commented: 'This is a milestone for our Norwegian operations. Jotun will be a key contributor to Enterprise's world-wide production and represents the success of our partnership with Esso in Norway. This reinforces our growth in Norway, and work will continue next year to investigate further the potential of the Skarv/Sara trend.' Jotun co-venturers are: Enterprise Oil Norge Limited 45 per cent Esso (operator) 45 per cent Norske Conoco 3.75 per cent Amerada Hess 1.25 per cent Statoil 5 per cent (incl. SDFI 3 per cent) For further information please contact: Patrick d'Ancona, Head of Public Relations 0171 925 4160 John Crowle, General Manager, Enterprise Oil Norge Limited 00 47 51 84 3000
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